Bharat Global Developers Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Bharat Global Developers Ltd trades at ₹92.1, in a downtrend and 39 weeks into that stage. That is −55.8% against its own 200-day average. It sits at 1% of a 52-week range of ₹76 to ₹1,464. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (14 weeks and counting).

Today the stock is in a downtrend — week 39 of stage 4, confirmed. At ₹92.1 it trades −55.8% versus its 200-day average and sits at 1% of its 52-week range (₹76–₹1,464).

Against the market, two honest reads. Cumulative: over the last 10.0 years the stock moved +309% while the NIFTY 500 moved +260% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (14 weeks and counting; last ahead the week of 2025-11-28) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 76th percentile of its own range.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Bharat Global Developers Ltd trades at 291.0× P/E, at the pricey end of its own range (76th percentile). Its long-run median P/E is 149.3×, measured across 1.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 291.0× is at the pricey end of its own range (76th percentile), against a long-run median of 149.3× measured over 1.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved +364.7% against a −92.2% price move — earnings outran the price, pushing the multiple DOWN its own range.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Bharat Global Developers Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 5 quarters across 1 curve, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

4-Factor Sector Score

47.0/100 — rank 17 of 20 in Diversified · 49% evidence confidence · provisional, ranked below fully-evidenced peers

Bharat Global Developers Ltd scores 47.0 out of 100 against the 20 companies it is compared with in Diversified, ranking 17. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 15.6 + 10.9 + 8.5 + 12 = 47. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Bharat Global Developers Ltd reported ₹0.0 Cr of revenue in the Dec 25 quarter, −100.0% year on year. The last full year, FY25, came in at ₹669 Cr. The last four reported quarters add to ₹148 Cr. A multi-year compound rate is not shown because the annual history behind it is too short to compute one honestly.

Bharat Global Developers Ltd reported ₹0.0 Cr of revenue in the Dec 25 quarter, −100.0% year on year. The last full year, FY25, came in at ₹669 Cr. The last four reported quarters add to ₹148 Cr. A multi-year compound rate is not shown because the annual history behind it is too short to compute one honestly.

FY25 revenue came in at ₹669 Cr (+2,473.1% on the year). The latest quarter (Dec 25) printed ₹0.0 Cr, −100.0% year on year.

Acceleration check: trailing-twelve-month revenue grew −74.0% over the last 4 quarters against +1,088.3%/yr over the last 8 — rolling over; TTM profit −80.8% vs +158.6%/yr — rolling over.

→ Revenue slipped — did margins hold as it scaled? Next: the margin picture.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

A clean operating margin is not in our numbers for Bharat Global Developers Ltd — its accounts do not report the operating-profit line this section reads, which is common for lenders and holding companies. The sections above and below carry the readings this company's filings do support.

A clean operating margin is not in our numbers for Bharat Global Developers Ltd — its accounts do not report the operating-profit line this section reads, which is common for lenders and holding companies. The sections above and below carry the readings this company's filings do support.

This company's accounts do not report the operating-profit line this section reads — common for lenders and holding companies classified outside the financial bucket. The revenue and net-profit sections are the cleaner reads for Bharat Global Developers Ltd.

Why the margin moved: operating margin went +4.2 pp year on year while gross margin went +0.3 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

→ Margins slipped — did that reach the bottom line? Next: profit −127.3% in the latest quarter.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Bharat Global Developers Ltd posted a net loss of ₹0.4 Cr in the Dec 25 quarter. Full-year FY25 profit was ₹16.0 Cr. The same quarter a year earlier earned ₹1.4 Cr. 1 of the last 12 reported quarters were loss-making.

Bharat Global Developers Ltd posted a net loss of ₹0.4 Cr in the Dec 25 quarter. Full-year FY25 profit was ₹16.0 Cr. The same quarter a year earlier earned ₹1.4 Cr. 1 of the last 12 reported quarters were loss-making.

Dec 25 profit was ₹−0.4 Cr, −127.3% year on year. On the full year, FY25 printed ₹16.0 Cr (+433.3%).

Pace comparison, last four quarters: profit −73.8% vs revenue +33.5%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

→ Profit rose — but did the cash follow? Next: −1,326% of the last 2 years' profit arrived as cash.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 2 fiscal years −1,326% of Bharat Global Developers Ltd's reported profit arrived as operating cash — a gap worth watching. In FY25 that was ₹−156 Cr of operating cash against ₹16.0 Cr of profit. After ₹1.0 Cr of capital spending, ₹−157 Cr was left as free cash.

FY25: operating cash of ₹−156 Cr against reported profit of ₹16.0 Cr, leaving free cash of ₹−157 Cr after ₹1.0 Cr of capital spending. Across the last 2 fiscal years the conversion rate is −1,326% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

🚨 Why conversion sits at −1,326%: the cash cycle tightened 184 days between FY19 and FY25 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

→ So follow the cash to where it goes. Next: a 100-day cycle and ₹1.0 Cr of building.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Bharat Global Developers Ltd's cash conversion cycle runs 100 days in FY25, down from 284 days in FY19. Capital spending ran ₹1.0 Cr over the last 3 years. At FY25 sales of ₹669 Cr each day of that cycle holds about ₹1.8 Cr, so roughly ₹183 Cr sits inside the business at any moment.

FY25: debtors at 191 days, inventory at 7 days — roughly 0.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 100 days, tighter than FY19's 284.

The full loop: cash goes out to suppliers and production on day 0; stock waits 7 days to sell; customers pay about 191 days after that; and suppliers themselves are paid at 98 days — netting out to the 100-day cycle.

In money terms: at FY25 sales of ₹669 Cr, each day of the cycle holds about ₹1.8 Cr — so the 100-day loop keeps roughly ₹183 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹1.0 Cr over the last 3 fiscal years. Capital work-in-progress stands at ₹0.0 Cr (FY25) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 11%.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Bharat Global Developers Ltd earns a ROCE of 11% in FY25. That is up from a trough of −2% in FY14. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 2.4% net margin on 1.31× asset turns.

FY25 ROCE is 11%, recovered from a FY14 trough of −2% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY25): 2.4% net margin × 1.31× asset turns × 2.69× balance-sheet leverage ≈ 8.5% on equity. Margin does its share; leverage is a meaningful part of the equation.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.46.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Bharat Global Developers Ltd carries ₹88.0 Cr of borrowings against ₹190 Cr of equity in FY25, a debt-to-equity of 0.46. Over 5 years borrowings went from ₹4.0 Cr to ₹88.0 Cr. Capital spending ran ₹1.0 Cr across the last 3 of those years.

FY25: borrowings of ₹88.0 Cr against equity of ₹190 Cr — a debt-to-equity of 0.46. Over 5 years borrowings went from ₹4.0 Cr to ₹88.0 Cr while capital spending ran ₹1.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.

→ Who owns this, and are they adding or leaving? Next: the register is quiet.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Bharat Global Developers Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — .

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Bharat Global Developers Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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